Multiple Choice
The slope of the aggregate expenditure line is the:
A) marginal propensity to consume (MPC) .
B) fraction of each dollar of extra income that households save.
C) change in income divided by the change in consumption.
D) total consumption in the country as a percentage of real GDP.
Correct Answer:
Verified
Correct Answer:
Verified
Q68: A movement along the same aggregate expenditure
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Q74: Consider the following data. Based on
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